College: J. Mack Robinson College of Business
Degrees: B.B.A., M.A.S., M.B.A.
See Also: J. Mack Robinson College of Business
Actuaries have been called the financial architects and social mathematicians because of their unique blend of analytical and business skills in the insurance and financial services industry, as consultants in firms that specialize in employee benefits and pensions in the government sector and in a variety of other roles.
A wide range of career opportunities is available to actuarial science majors. An actuary is an expert in quantifying a firm’s risks, especially its financial risks. Actuarial professionals use cutting-edge financial theories and methods to evaluate and establish pricing for various kinds of business services as well as determine the amount of funds that are necessary for a firm to pay its employee benefits. More specifically, actuarial professionals apply their extensive knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Traditionally, they have also been responsible for developing probability tables for fire, natural disasters, death, unemployment, etc., based on their mathematical analyses.
This is a suggested 4-year schedule of courses for students to follow, including milestones that should be met each year.